Saudi‑based Afaq Capital, licensed by the Capital Market Authority, has completed the acquisition of an entire venture capital portfolio in what is being described as the region’s first secondary entry‑and‑exit transaction. The deal was structured and negotiated by Cotyledon for Management Consultancy, pending final regulatory approval.
The portfolio was originally assembled by Hassan Ikram during his time as co‑founder and CIO at Falak Investment Hub, investing across multiple sectors and backing startups through their growth stages. Ikram, now founder and CEO of Cotyledon, called it “the first of its kind exit in our market” and a signal that “liquidity events in the VC space are becoming both real and achievable.”
Saleh Almuhanna, vice‑chairman and CEO of Afaq Capital, said the deal opens access for investors “to a complete venture capital portfolio, something rarely available in the region,” structured for accessibility and backed by an experienced team.
Afaq Capital says the transaction underscores the growing maturity and liquidity potential of the Saudi and wider regional VC market, while its digital platform makes complex opportunities like VC portfolios easier to subscribe to, monitor, and manage in a regulated environment.
